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Grayscale files to convert NEAR Protocol Trust into ETF on NYSE Arca

Grayscale has submitted a filing to convert its NEAR Protocol Trust into an exchange-traded fund (ETF) on NYSE Arca. This move is part of Grayscale's broader strategy to expand its product offerings in the cryptocurrency market. If approved, the NEAR Protocol ETF would allow investors to gain exposure to NEAR Protocol through a regulated investment vehicle. Grayscale's decision reflects growing interest in cryptocurrency ETFs as a way to facilitate mainstream adoption of digital assets. The filing adds to the ongoing trend of asset managers seeking to launch crypto-related ETFs.

Read the full article: Coin Telegraph

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

A major cryptocurrency sponsorship deal in Formula 1 is facing scrutiny due to the ongoing conflict in the Middle East, which has disrupted significant regional events. The sponsorship, valued in the millions, has raised concerns about the appropriateness of promoting crypto in light of the humanitarian crisis. Critics argue that

Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Bitcoin has reached a significant milestone with its block reward halving event, reducing the reward for miners from 6.25 to 3.125 BTC per block. This change is expected to impact the profitability of many miners, particularly those with higher operational costs. Analysts predict that a substantial number of

Hoskinson might be wrong about the future of decentralized compute

Charles Hoskinson, co-founder of Cardano, has expressed skepticism about the future of decentralized computing, suggesting that it may not achieve the widespread adoption some proponents anticipate. He argues that the complexity and inefficiencies associated with decentralized systems could hinder their growth compared to traditional centralized solutions. Despite his concerns, many

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme

A judge has dismissed RICO claims in a lawsuit related to a Ponzi scheme involving a pastor who promoted a cryptocurrency investment. The lawsuit accused the pastor and several associates of defrauding investors by promising high returns on crypto investments. The judge ruled that the plaintiffs did not sufficiently demonstrate

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Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Hoskinson might be wrong about the future of decentralized compute

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme